As the cryptocurrency market prepares for a potential bull run in 2025, analyst IonicXBT has shared his complete guide on how to identify the Bitcoin market top in this cycle. The analysts’ guide is based on the SOPR (Spend and Profit Rate of Return)one of the lesser known but very useful metrics for analyzing Bitcoin.
Detailed Guide to IonicXBT SOPR Metrics
IonicXBT on X (formerly Twitter) told his 125,000 followers that the SOPR Metric has consistently accurately predicted the tops of previous cryptocurrency market cycles, citing examples from 2018 and 2021. SOPR is a metric that tells us whether the average investor in the Bitcoin market is selling their coins at a profit or a loss right now.
When the indicator has a value greater than 1, it means that the average holder in the sector is currently selling his coins at a certain profit. On the other hand, a value below this threshold implies that selling at a loss is dominant among participants. chart he fell, he seemed to think that Bitcoin Moving Average The SOPR has fallen below 1.0, indicating that most of the products consumed are being sold at a loss.
He further stressed that the current decline in SOPR indicates that the the bottom of the correction is nearwhich suggests that the market is not yet closed.
He urged his supporters to remain calm and stressed the importance of SOPR spikes, noting that they often signal market tops when long-term holders lock in profits. He further assured them of his commitment to providing accurate signals to identify the market top that focuses on real strategies backed by data rather than hype or speculation.
“But don’t worry, I’ll be the first to give you the signal to the top. No hype, no nonsense, “All it takes is real strategies backed by data,” the analyst said.
Alternative Guide to Knowing Bitcoin Market Peak Cycle
While IonicXBT has highlighted the SOPR metric as a valuable tool for predicting market tops, other analysts, such as Kaleo, have shared alternative indicators. Kaleo presented an inverted Bitcoin chart suggesting that BTC could reach the trendline of its logarithmic growth curve by next year, potentially reaching a massive price target of around $220,000.
In a recent post, Kaleo expressed growing optimism, stating, “Okay, I’m giving in. Be more optimistic.” Analyzing the inverse chart, he suggests that Bitcoin tends to see big spikes a few months after its halving event, when Rewards for BTC miners are cut in half.
Kaleo believes that Bitcoin will consolidate for a few more days before initiating surges that break through multiple resistance levels. Based on the chart, it appears to predict that Bitcoin will reach new all-time highs by early next month. At the time of writing, Bitcoin is valued at $62,092, up more than 3% on the day.
Featured image created with Dall.E, chart by Tradingview.com
